Shirley And Pat Ryan Sell Chicago Condo For $1.3 Million With Buyer's Rep Carrie McCormick
132 East Delaware Place, APT 6202
$1,300,000
$476/SF
Building Size
2,727 SF
Asset Type
Condo
Closing
Dec 18, 2024
AI
The property involved in the transaction is a 2,727-square-foot condo located at 132 East Delaware Place, Chicago. This unit is situated on the 62nd floor of the Four Seasons Hotel Chicago and features 11-foot ceilings with lake views. It was sold for $1,300,000, a loss relative to its purchase price in 1989.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,300,000
- Square Footage: 2,727
- Price Per Square Foot: $477
- Seller: Shirley & Pat Ryan
- Buyer's Representative: Carrie McCormick - properties Christie's International Real Estate
- Seller's Representatives: Michael Maier & Pamela Miles - Berkshire Hathaway HomeServices Chicago
The sellers, Shirley and Pat Ryan, have retained ownership of a larger neighboring unit that is currently listed for $2,300,000. The buyer of the condo is an oral surgeon who has acquired the southeast-facing unit.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93